Jul 13 2009
Finance continued
After sharing my rather boring interest that is financial news ( 8O ) I got to think about making a serious longterm investment. I have long thought about it, written about it, joked about it, and looked into it in a half-hearted sort of way, but I never really decided to go ahead with it. I used to just save all my money to high-interest savings accounts, and before the financial collapse, that was working for me. But now the interest rates just aren’t matching up, and it seems as though it would be time to think on this a little more.
Not sure though, because I really don’t have a lot of faith in any financial market, right now. It’s hard to get over the fact that a small handful of greedy men managed to collapse the entire world economy, and I think that has left me – along with a billion other people – pretty shaken.
My current account okay, but it isn’t anything to be excited about, and I know that talking to a money broker is probably the next logical setp to take, but again, trust has been badly shaken, and I don’t think I trust strangers with my money at this point, perhaps at any point.
So if I want to do this myself, I am going to have to really sit down and go through a heck of a lot of brouhaha documentation to find exactly what is right for me… and that is a little unappealing, even with my fascination with financial issues. There are others out there, who look into this stuff themselves, there are finance forums… I’m sorry, but I just bet they’re the life of the party… :lol: I remember reading, but can’t find the article now – of course! :roll: – , that the two markets to keep an eye on are the Australian dollar – but only if investors feel like being a little risky – or the Japanese Yen – if investors decide to be cautious – but that still seems risky. I like that my own bank provides foreign currency bank accounts, which makes me feel a little safer, because I could always whip the money back to my normal account if things turn sour…. but yeah… I think I am just going to sit on this for a while and think more.